Pre-market: Nifty 50 at 23,440.80 after a 1.68% Monday rally led by Reliance
The Nifty 50 closed at 23,440.80 on Monday, 2 November, up 1.68% at the day's high, as Reliance rose 11.60% and 1,956 stocks advanced against 738 that declined.
Key points
- The Nifty 50 closed at 23,440.80 on Monday, 2 November, up 387.70 points or 1.68%.
- Breadth was strong, with 1,956 stocks advancing against 738 declining, while the NIFTY Midcap 100 rose 1.19%.
- Nifty Oil & Gas was the best sector, up 5.95%, and Nifty Media the worst, down 0.76%.
The Nifty 50 closed at 23,440.80 on Monday, 2 November, up 387.70 points or 1.68%, and finished the session at its high of the day. Breadth was firmly positive: 1,956 stocks advanced against 738 that declined, with 20 unchanged.
Market Snapshot
| Index | Close | Change | % Change | Day's range |
|---|---|---|---|---|
| Nifty 50 | 23,440.80 | +387.70 | +1.68% | 23,207.05 to 23,440.80 |
| Nifty Bank | 55,002.20 | +315.25 | +0.58% | 54,582.00 to 55,046.35 |
| NIFTY Midcap 100 | 57,983.40 | +682.15 | +1.19% | 57,469.75 to 58,097.90 |
| NIFTY Smallcap 100 | 18,595.30 | +131.70 | +0.71% | 18,381.65 to 18,643.25 |
| India VIX | 15.50 | +0.20 | +1.29% | 14.55 to 15.92 |
India VIX, the NSE's gauge of expected volatility, rose 1.29% to 15.50 even as the market climbed. It moved between 14.55 and 15.92 during the session, after opening at 15.30.
The Nifty 50 opened at 23,222.30 and spent the day working higher, touching a low of 23,207.05 before closing on the high. The Nifty Bank lagged the benchmark with a gain of 0.58%, and it closed at 55,002.20, a little below its intraday high of 55,046.35.
What Moved Yesterday
Reliance Industries dominated the session. It rose 11.60% to Rs 1,300 from Rs 1,164.90, and it was also the most-traded stock on the exchange by a wide margin, with turnover of Rs 11,003.52 crore. Tata Steel and JSW Steel followed with gains of 5.83% and 5.13%, while Infosys was the weakest Nifty 50 stock, down 2.03%.
| Nifty 50 top gainers | Previous close (Rs) | Close (Rs) | % Change |
|---|---|---|---|
| RELIANCE | 1,164.90 | 1,300.00 | +11.60% |
| TATASTEEL | 167.60 | 177.37 | +5.83% |
| JSWSTEEL | 1,246.00 | 1,309.90 | +5.13% |
| COALINDIA | 389.00 | 408.00 | +4.88% |
| SHRIRAMFIN | 823.15 | 863.35 | +4.88% |
| Nifty 50 top losers | Previous close (Rs) | Close (Rs) | % Change |
|---|---|---|---|
| INFY | 1,185.00 | 1,161.00 | -2.03% |
| ICICIBANK | 1,398.00 | 1,387.40 | -0.76% |
| DRREDDY | 1,352.00 | 1,342.00 | -0.74% |
| KOTAKBANK | 461.60 | 458.35 | -0.70% |
| AXISBANK | 1,217.00 | 1,209.00 | -0.66% |
Among sectors, the Nifty Oil & Gas index was the clear leader, up 5.95% to 10,916.30. The Nifty Metal index gained 3.21% to 12,162.70 and the Nifty Consumer Durables index added 2.70% to 35,457.40. At the other end, the Nifty Media index fell 0.76% to 1,618.90, the Nifty IT index slipped 0.50% to 32,442.50 and the Nifty Private Bank index eased 0.14% to 27,015.90.
The five most-traded stocks by turnover were:
| Stock | Close (Rs) | % Change | Turnover (Rs crore) |
|---|---|---|---|
| RELIANCE | 1,300.00 | +11.60% | 11,003.52 |
| DIXON | 12,319.00 | +11.99% | 1,980.17 |
| JPL | 1,420.70 | -0.74% | 1,924.76 |
| INFY | 1,161.00 | -2.03% | 1,508.20 |
| HDFCBANK | 700.00 | +1.04% | 1,490.56 |
Dixon Technologies rose 11.99% to Rs 12,319 from Rs 11,000 on turnover of Rs 1,980.17 crore, in a session where the Nifty Consumer Durables index gained 2.70%. Reliance's turnover of Rs 11,003.52 crore was more than five times that of the next most-traded stock.
Market Breadth
Advancing stocks outnumbered declining ones by 1,956 to 738, or roughly 2.7 stocks rising for every one that fell. Only 20 stocks closed unchanged out of 2,714 traded.
The breadth was wide, but the size of the gains was largest at the top. The Nifty 50 rose 1.68%, ahead of the NIFTY Midcap 100's 1.19% and well ahead of the NIFTY Smallcap 100's 0.71%. Large caps outpaced both the midcap and smallcap gauges even though most stocks across the market moved up, in a session where the biggest Nifty 50 gainer, Reliance, rose 11.60%.
The NIFTY Midcap 100 closed at 57,983.40, below its intraday high of 58,097.90, and the NIFTY Smallcap 100 closed at 18,595.30, also short of its high of 18,643.25. The Nifty 50, by contrast, closed exactly at its high of 23,440.80.
FAQ
Where did the Nifty 50 close in the last session?
The Nifty 50 closed at 23,440.80 on Monday, 2 November, up 387.70 points or 1.68%. Its range for the day was 23,207.05 to 23,440.80, so it closed at the session's high.
Which stock moved the Nifty 50 the most?
Reliance Industries was the biggest Nifty 50 gainer, up 11.60% to Rs 1,300. It was also the most-traded stock on the NSE, with turnover of Rs 11,003.52 crore.
How did midcaps and smallcaps do?
The NIFTY Midcap 100 rose 1.19% to 57,983.40 and the NIFTY Smallcap 100 rose 0.71% to 18,595.30. Both gained less than the Nifty 50's 1.68%.
What was India VIX in the last session?
India VIX closed at 15.50, up 0.20 points or 1.29%, after moving between 14.55 and 15.92 during the day.
Figures are from NSE's end-of-day files for Monday, 2 November 2026. This note is for information only and is not investment advice.
Sources & Citations
- NSE index closing values, 2 November 2026 — National Stock Exchange of India
- NSE equity bhavcopy, 2 November 2026 — National Stock Exchange of India